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U.S. Stocks End Monday on High Note
(MENAFN) Wall Street rallied Monday, with the Dow Jones Industrial Average notching an unprecedented closing peak as traders braced for a crucial week dominated by postponed economic indicators and earnings season momentum.
The Dow climbed 0.04 percent to settle at an all-time record of 50,135.87. The S&P 500 surged 0.47 percent to 6,964.82, while the Nasdaq Composite Index jumped 0.9 percent to close at 23,238.67.
Seven of the 11 major S&P 500 sectors posted gains in a broadly positive session. Technology shares powered the rally with a 1.59 percent advance, while materials climbed 1.44 percent. Consumer staples and healthcare lagged as the session's weakest performers, both sliding 0.86 percent.
Artificial intelligence's disruption of legacy software platforms sparked fresh sector turbulence. MondayLimited shares crashed more than 20 percent after the company's earnings outlook fell short of Wall Street estimates.
Semiconductor giants rebounded from recent turmoil, with Nvidia and AMD advancing 2.5 percent and 3.63 percent, respectively. Oracle rocketed nearly 10 percent higher, while Microsoft gained over 3 percent.
Yet analysts at JPMorgan signaled a potential rotation away from mega-cap tech dominance. "In the U.S., the broadening macro recovery creates room for the equal-weighted S&P 500 to outperform the Mag7," Fabio Bassi, head of cross-asset strategy at JPMorgan, said Friday in a note.
Traders anxiously await Wednesday's postponed January employment figures from the U.S. Bureau of Labor Statistics, scrutinizing whether labor demand is weakening after ADP's underwhelming private payrolls data last week.
ON Semiconductor leads Monday evening's earnings releases. A packed corporate calendar continues with results from Coca-Cola, McDonald's, and Cisco offering critical signals on consumer resilience and business spending patterns.
The Dow climbed 0.04 percent to settle at an all-time record of 50,135.87. The S&P 500 surged 0.47 percent to 6,964.82, while the Nasdaq Composite Index jumped 0.9 percent to close at 23,238.67.
Seven of the 11 major S&P 500 sectors posted gains in a broadly positive session. Technology shares powered the rally with a 1.59 percent advance, while materials climbed 1.44 percent. Consumer staples and healthcare lagged as the session's weakest performers, both sliding 0.86 percent.
Artificial intelligence's disruption of legacy software platforms sparked fresh sector turbulence. MondayLimited shares crashed more than 20 percent after the company's earnings outlook fell short of Wall Street estimates.
Semiconductor giants rebounded from recent turmoil, with Nvidia and AMD advancing 2.5 percent and 3.63 percent, respectively. Oracle rocketed nearly 10 percent higher, while Microsoft gained over 3 percent.
Yet analysts at JPMorgan signaled a potential rotation away from mega-cap tech dominance. "In the U.S., the broadening macro recovery creates room for the equal-weighted S&P 500 to outperform the Mag7," Fabio Bassi, head of cross-asset strategy at JPMorgan, said Friday in a note.
Traders anxiously await Wednesday's postponed January employment figures from the U.S. Bureau of Labor Statistics, scrutinizing whether labor demand is weakening after ADP's underwhelming private payrolls data last week.
ON Semiconductor leads Monday evening's earnings releases. A packed corporate calendar continues with results from Coca-Cola, McDonald's, and Cisco offering critical signals on consumer resilience and business spending patterns.
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